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Thieves Steal $100,000 Worth of Copper
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A warehouse in Los Angeles was recently broken into and thieves stripped the building of $100,000 worth of copper.
This is one of those scenarios where the value of what they stole is far less than the damage caused to the owner.
The thieves will likely have to sell it at a discount to a scrap yard or ship it to another country to have it recycled there.
Meanwhile the owner has to deal with downtime, insurance claims and the process of having it all reinstalled.
Here are some interesting articles if you want to read into the massive problem of copper theft:
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⚡ Subscribe:
🙋♂️ Chad Griffiths, MBA, SIOR
#shorts #copper #thieves
This is one of those scenarios where the value of what they stole is far less than the damage caused to the owner.
The thieves will likely have to sell it at a discount to a scrap yard or ship it to another country to have it recycled there.
Meanwhile the owner has to deal with downtime, insurance claims and the process of having it all reinstalled.
Here are some interesting articles if you want to read into the massive problem of copper theft:
--
⚡ Subscribe:
🙋♂️ Chad Griffiths, MBA, SIOR
#shorts #copper #thieves
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